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Pound loses pips to Euro; US dollar stays strong; JPY/USD in danger zone

Published 13/10/2022, 07:36
Pound loses pips to Euro; US dollar stays strong; JPY/USD in danger zone
GBP/USD
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EUR/GBP
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JPY/USD
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The US dollar remains strong among the G10 set on Thursday, with the GBP/USD pair showing little interest in budging from a consistent US$1.11 price point.

GBP/USD remains at the US$1.11 price point

Inflation and CPI data is scheduled for later today, though only a dramatic shift from expected figures will result in a pivot from the Federal Reserve’s pending rate hike in three weeks’ time.

In the meantime, the greenback could maintain its dominance against the Euro, where the EUR/USD pair currently sits under parity at US$0.97.

USD is also sitting at parity with the Swiss franc.

While a few pips were shed against the Japanese yen, the USD/JPY pair remains scarily strong for the Bank of Japan.

Changing hands at 88p, the Euro has gained 0.2% in the EUR/GBP pair in today’s trading session so far, a negligible rise given yesterday’s 1.2% drop.

The pound has also fallen against the yen, franc and Canadian dollar.

Read more on Proactive Investors UK

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